ERNS
iShares GBP Ultrashort Bond UCITS ETF GBP (Dist)
ETF • LSE • GBP
Basic Information
iShares GBP Ultrashort Bond UCITS ETF (LSE: ERNS) aims to track the Markit iBoxx GBP Liquid Investment Grade Ultrashort Index and provides exposure to short‑dated, investment‑grade GBP‑denominated bonds. The fund physically holds a diversified portfolio of short‑maturity corporate, supranational and bank debt, typically with a weighted average maturity around 0.9 years and a weighted average yield to maturity near 4.3% as of early April 2026. Its total expense ratio is 0.09% and it distributes income quarterly. Returns are driven mainly by short‑term UK interest rates and credit spread movements across investment‑grade issuers; income and modest price changes reflect coupon receipts and low duration sensitivity. The ETF is commonly used as a cash alternative or short‑term core bond sleeve to reduce portfolio volatility, while remaining exposed to issuer credit risk and potential liquidity stress in adverse market conditions.
Top holdings:
- KFW: 4.01%
- LLOYDS BANK PLC: 3.95%
- SANTANDER UK PLC: 3.91%
- EUROPEAN INVESTMENT BANK: 3.87%
- BANK OF NOVA SCOTIA: 3.26%
- ROYAL BANK OF CANADA: 3.07%
- BANK OF MONTREAL: 2.93%
- CANADIAN IMPERIAL BANK OF COMMERCE: 2.57%
Price History
1 Year change: -0.23% (£0.23)
| Date | Close | Volume |
|---|---|---|
| Jul 23 | £100.89 | 63,904 |
| Jul 22 | £100.84 | 177,034 |
| Jul 21 | £100.84 | 250,351 |
| Jul 20 | £100.83 | 64,729 |
| Jul 17 | £100.80 | 37,701 |
| Jul 16 | £100.85 | 53,174 |
| Jul 15 | £100.84 | 21,083 |
| Jul 14 | £100.80 | 22,343 |
| Jul 13 | £100.80 | 34,749 |
| Jul 10 | £100.87 | 28,009 |
| Jul 09 | £100.86 | 38,477 |
| Jul 08 | £100.79 | 58,425 |
| Jul 07 | £100.79 | 17,659 |
| Jul 06 | £100.73 | 55,064 |
| Jul 03 | £100.74 | 21,614 |
| Jul 02 | £100.72 | 28,055 |
| Jul 01 | £100.66 | 692,304 |
| Jun 30 | £100.68 | 89,532 |
| Jun 29 | £100.72 | 55,608 |
| Jun 26 | £100.71 | 60,262 |